Victor Insurance UK has announced the launch of a new property owners insurance product designed to serve a broader range of property risks through digital channels.
The managing general underwriter has consolidated three existing products into a single policy, offering coverage limits of up to £15 million per location. The policy is backed by a panel of A-rated insurers and is available through Victor’s digital platform and Acturis.
The new product combines Victor’s previous property owners, non-standard property, and large property offerings. It covers residential let properties, commercial properties, and mixed portfolios, ranging from single properties to larger portfolios.
“Too often, property owners are faced with added complexity in the insurance buying process, frequently needing to obtain different policies at renewal based on the changing risk profiles and size of their portfolios,” Caroline Weeks, head of underwriting for property and casualty at Victor Insurance UK, said.
“Victor’s property offering gives greater flexibility, simplifying the purchase of property insurance and enabling brokers to obtain high quality, sustainable coverage for their clients even as their property portfolios evolve over time.”
The product uses data enrichment technology to streamline risk assessment and pricing. Victor said the offering targets a market segment often underserved by managing general underwriters and insurers through digital channels.
The launch comes amid a persistent underinsurance gap in the UK property market. Industry data indicates that around 70% of properties in the UK were underinsured in 2025, meaning their sums insured fell below true rebuild costs. Properties were typically insured for only about two-thirds of the cover required for full reinstatement, leaving owners and their brokers exposed to potential shortfalls at claim stage.
Simon Parrish, chief underwriting officer at Victor Insurance UK, said the product addresses properties that are too large for typical digital quoting but too small for traditional underwriting teams.
“The new Victor property owners offering will deliver better value for our brokers and their clients, based on their feedback and current market conditions,” Parrish said.
The policy is quoted and bound through the Victor for Brokers digital platform.
